FAQs

  • 1022 Mentorship is an online platform designed to attract new and experienced traders, encouraging collaboration and learning in the ever-changing world of trading. Its aim is to support individuals who want to grow and improve, helping them become the best version of themselves to make a positive impact on society.

  • Trading involves risks because market prices can change, leading to potential losses. Factors like market conditions, the type of assets, and individual strategies affect risk. Risks include market fluctuations, difficulties in selling assets, using borrowed money to trade, technical problems, regulatory changes, and emotional biases. Traders should understand these risks, manage them by diversifying investments, setting limits, and seeking advice.

  • Leverage is a tool used in trading that allows traders to control a larger position with a relatively small amount of capital. It's essentially borrowing money from a broker to increase the size of a trading position.

  • Trading involves a significant amount of risk, and there are no guarantees of success. While it's possible to make money trading, it's not easy, and success requires dedication, education, discipline, and the ability to adapt to changing market conditions. It's advisable to start with a demo account or with small amounts of capital until you have developed a proven trading strategy and gained confidence in your abilities. Additionally, seeking advice from experienced traders or financial professionals can also be helpful in navigating the complexities of trading.